What is return on common stockholders equity for sheffield

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Question

Assume that all balance sheet amounts for Sheffield Company represent average balance figures.

Stockholders' equity-common $150000

Total stockholders' equity   200000

Sales   97000

Net income  28000

Number of shares of common stock  9000

Common stock dividends  9000

Preferred stock dividends  2200

What is the return on common stockholders' equity for Sheffield?

Reference no: EM132316965

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